Took action to disentangle investments in state’s retirement fund from CCP
Florida Gov. Ron DeSantis, a Republican, took action on Monday to disentangle investments in the state’s retirement fund from the Chinese Communist Party.
At a State Board of Administration meeting, the governor, Chief Financial Officer Jimmy Patronis and Attorney General Ashley Moody moved to revoke all proxy voting authority from outside pension fund managers, according to The Epoch Times.
Additionally, DeSantis ordered an inventory of all of the state’s holdings to identify any investments in Chinese companies.
During his remarks, DeSantis blamed China’s rapid rise to superpower status on American elites who mistakenly believed that, “If we make China into the WTO, put them in, most favored nation … that will make China more like us.”
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